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Feb 16, 2013
02/13
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>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividends which a lot of people consider lazy and uncreative to try to go out and buy company. the rich are getting richer and the big companies, the only place they can use the huge acquisitions to put the huge pile of cash to good use. >> brenda: gary b, we talk about the markets be in record highs or all-time highs and we were basically where we were six years ago. >> exactly, brenda. in fact the nasdaq is way below its all-time highs, so there's plenty of room to grow and getting back to, you know, larry and jonas made excellent points. normally merger activity is a harbinger of an improving economy and i think the stock market could break higher. the only point, jonas said about buffet
>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividends which a lot of people consider lazy and uncreative to try to go out and buy company....
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Feb 23, 2013
02/13
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add it together and that is it an economy killer. >> last word to you, wayne. you get one more word here. >> and the only word is, one i said before. it is there but just a question of facing it sigh -- you will see it in beef and chicken prices. i don't know how people deal with it. and coming up. can we crack down on china hacking us if we are . see the and even more jobs. searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab
add it together and that is it an economy killer. >> last word to you, wayne. you get one more word here. >> and the only word is, one i said before. it is there but just a question of facing it sigh -- you will see it in beef and chicken prices. i don't know how people deal with it. and coming up. can we crack down on china hacking us if we are . see the and even more jobs. searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e...
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Feb 23, 2013
02/13
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can it trickle through to a broader economy. this kind of price increase could have ramifications for g.d.p.? >> getting back to what was said to think politicians are going to stop spending, they are like pigs in a trough and they are going to keep spending. number two, the families of four they are getting smarter. they are going online coupon sites. they are shopping and joining clubs where they get discounts. but their margin is getting slower. bottom line if it is a real problem, as you throw in energy, high cost of healthcare, all these factors are a drain on businesses. its problem. >>> it is a problem. wayne, what do you say broader economic problems? >> i just think they should issue more food stamps. that is what they have been doing. i would like to get in that also. no, the problem -- you can say that -- latent inflation is there and we haven't seen this experience before. people are going to have to tighten their belts. i have to tell you something. you walk into a restaurant in los angeles or new york. they are pac
can it trickle through to a broader economy. this kind of price increase could have ramifications for g.d.p.? >> getting back to what was said to think politicians are going to stop spending, they are like pigs in a trough and they are going to keep spending. number two, the families of four they are getting smarter. they are going online coupon sites. they are shopping and joining clubs where they get discounts. but their margin is getting slower. bottom line if it is a real problem, as...
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Feb 24, 2013
02/13
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the chinese coming into our networks, stealing blueprints, taking it to china and the economy competing in the international market. >> the white house promised that president obama is putting pressure on the chinese to cut it out. >> i tell you that we have repeatedly raised our concerns at the highest levels about cybertheft with senior chinese officials, including in the military, and we will continue to do so. >> for their part, a chinese foreign ministry spokesman denied wrongdoing this week in mandarin. quote, internet hacking attacks are an international problem that should be resolved on the basis of mutual trust and respect and international cooperation, continuous criticism based on data is irresponsible, unprofessional and not helpful but the american security firm put out 60 pangs pangs -- pages of evidence they say proves the chinese military is using a 12 story building in change -- shanghai as a base for international hacking. >> the future of the catholic church. coming up, more from the vatican city where a massive crowd gathered in st. peter square. people around the w
the chinese coming into our networks, stealing blueprints, taking it to china and the economy competing in the international market. >> the white house promised that president obama is putting pressure on the chinese to cut it out. >> i tell you that we have repeatedly raised our concerns at the highest levels about cybertheft with senior chinese officials, including in the military, and we will continue to do so. >> for their part, a chinese foreign ministry spokesman denied...
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Feb 16, 2013
02/13
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as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira.
as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira.
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Feb 24, 2013
02/13
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it is it 110 billion out of the entire economy . retailers who rely on the dollars. >> it was not quite a surprise. >> this is it a surprise to regular people. >> it shouldn't have been. we talked about this. >> it is it talked about how you and everybody. average people including rich people are getting a pay roll tax increase. don't ask me why. this is it bad. you can talk about the stock market. i think that is it a technical factor and why put your monep in bonds when you can put your money in stockings. what is happening is that retailers are saying that consumption is going to slow down. >> the economy will slow down and that is it a huge part of the gdp. >> jerry, the president said we need more taxings to deal with sequestration. >> why do we need more taxes right now . we have an economy with unemployment and enduring new obama taxes and last thing they need is it highir taxes and ticking along and fourth quarter is negative . higher taxes will make it worse and not better. >> it is it duplic ituous. it is taking all the ta
it is it 110 billion out of the entire economy . retailers who rely on the dollars. >> it was not quite a surprise. >> this is it a surprise to regular people. >> it shouldn't have been. we talked about this. >> it is it talked about how you and everybody. average people including rich people are getting a pay roll tax increase. don't ask me why. this is it bad. you can talk about the stock market. i think that is it a technical factor and why put your monep in bonds...
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Feb 16, 2013
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are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here
are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the...
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Feb 21, 2013
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economy don't really pay any income tax. by the time they get their refund. i mean, they're not paying. >> and, but they-- anyone entitled to a refund for the government to be so incompetent not to get that done. that's my complaint and you're talking about a whole different thing. if someone's got a refund coming and lawfully applied for it. he or she should get it and not have an incompetent government drag that out. >> you would think that are they are so good at spending money they'd pay it back. but overall government is killing business here and coming in on knocking on the door to tell business what it's doing wrong and if our economy comes back, it's not going to be on the backs of the poor and not because the poor starts spending, it's because business starts investing again and capitalism is optimism. and monetarize, we keep thinking of bad things that are going to happen. >> greta: thank you. >> thank you, greta. >> thank you, greta. >> greta: and more than two years ago, the people of bp made a commitment to the gulf. and every day since, we've wo
economy don't really pay any income tax. by the time they get their refund. i mean, they're not paying. >> and, but they-- anyone entitled to a refund for the government to be so incompetent not to get that done. that's my complaint and you're talking about a whole different thing. if someone's got a refund coming and lawfully applied for it. he or she should get it and not have an incompetent government drag that out. >> you would think that are they are so good at spending money...
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Feb 20, 2013
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in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and why it's not happening on both sides. the panel continues after the break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: we are back to continue talking about the sequester. overall the sequester is $85 billion this year. we talk about $3.6 trillion budg
in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and...
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Feb 23, 2013
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economy as a whole. to say that wal-mart is an example of a larger problem is really not accurate. >> kelly: a movie for them brilliant movie that tapped into peoples income tax returns. what about today. the average american consumer, how are we doing in light of the payroll tax. is our economy still good? >> we're seeing discretionary spending contracting because of that. payroll tax is up. average american family that brings home $40,000 a year is going to see $800 less in discretionary spending. we're seeing gas prices creep up. >> kelly: 50 cents in a month, what does that mean? >> on the other hand we're seeing some bright spots. the stock market is up over 6% year to dated. we're seeing housing recover. we're seeing u.s. manufacturing pick up. so we're seeing a lot of bright spots. some economists have said that when times are tough for walmart it's a positive sign for the rest of economy. >> kelly: why is that? >> because they really attract the value customer. they are known for cheap products,
economy as a whole. to say that wal-mart is an example of a larger problem is really not accurate. >> kelly: a movie for them brilliant movie that tapped into peoples income tax returns. what about today. the average american consumer, how are we doing in light of the payroll tax. is our economy still good? >> we're seeing discretionary spending contracting because of that. payroll tax is up. average american family that brings home $40,000 a year is going to see $800 less in...
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Feb 23, 2013
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it's a side that shows how irresponsible he's been in dealing with our economy. and this has been the worst president for our economy in the history of this country. >> i know, but tell me how-- i hear the story about people getting pink slips and i don't want people to suffer. if we have a sequestration and we have a slowed spending increase, why would anyone even be laid off? because we're spending more even with the sequestration. >> i don't get it, greta and the people he's talking about are being laid off are paid for by state and local budgets. and those firefighters and rescue workers and everything else, they're paid for by, you know, the city of los angeles and the city of new york and the state of california and the state of texas and these are not -- we're not talking about federal workers, no reason for massive layoffs if it's just a reduction in the increase in spending and not a real reduction in spending. maybe there'll be some layoffs, but not massive layoffs and you know something, the federal government needs some layoffs. we employ way too many
it's a side that shows how irresponsible he's been in dealing with our economy. and this has been the worst president for our economy in the history of this country. >> i know, but tell me how-- i hear the story about people getting pink slips and i don't want people to suffer. if we have a sequestration and we have a slowed spending increase, why would anyone even be laid off? because we're spending more even with the sequestration. >> i don't get it, greta and the people he's...
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Feb 21, 2013
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. >> eight days from now, a tremor will hit the american economies by impacting the people who work in the food safety area of usda. >> terrible consequences to public halve. >> the country less safe and the communities less safe as a result of sequester. >> the air air traffic controllers. >> 750,000 americans will not have jobs. >> now, you would think they way they're talking, the sequestration next week, we're all eating con tam it inned meat next week. i say these cuts go through we'll all be eating mr. ed here. >> what kind of a name is ed for a hours. >> what kind of name is wilbur for man. >> that's -- >> what a bunch of horse you know what. leaving aside all the other cuts, the agriculture department could pursue, if it really has to due really think the first thing they'll butcher is policing the butcher andry'll stop giving hundreds of towns of memory ill patients their mets and letting them go on the streets? we told you many times the 85 cuts hair talking about in the seem of thing ises chump change. $16 trillion debt. and as to all of is here, we risk cutting ourway way t
. >> eight days from now, a tremor will hit the american economies by impacting the people who work in the food safety area of usda. >> terrible consequences to public halve. >> the country less safe and the communities less safe as a result of sequester. >> the air air traffic controllers. >> 750,000 americans will not have jobs. >> now, you would think they way they're talking, the sequestration next week, we're all eating con tam it inned meat next week. i...
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Feb 23, 2013
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economy ep billion a year . we are already bleeding. >> doesn't the united states walk a fine line given the fact that we borrowed money from chin a. >> that really doesn't give them leverage balse . way the gloible markets work. the chinese since 2008 talked about the nuclear that is selling treasury obligation but they don't do it because it doesn't work. >> this is it a matter of the really first importance for the united states. >> it is a serious issue. gordon chang thank you for your insight. >> thank you, uma. nasa mars drover pulled out a drill and goes to work on the red planetas rock . bringing 3 d technology to a 4,000 mummy. fascinating look when america's news headquarters continues. don't miss this, folkings. stay with us. . for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobi
economy ep billion a year . we are already bleeding. >> doesn't the united states walk a fine line given the fact that we borrowed money from chin a. >> that really doesn't give them leverage balse . way the gloible markets work. the chinese since 2008 talked about the nuclear that is selling treasury obligation but they don't do it because it doesn't work. >> this is it a matter of the really first importance for the united states. >> it is a serious issue. gordon chang...
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Feb 22, 2013
02/13
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what you could spend millions on to benefit the chinese economy. you're not going to like this one minutes away. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle told you i'd get half. today is gonna be an important day for us. you ready? we
what you could spend millions on to benefit the chinese economy. you're not going to like this one minutes away. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. from capital one... boris earns unlimited rewards for his small business. can i get the...
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Feb 19, 2013
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something else harming economy, cyber attacks. security, perts point the finger at china. we look at the evidence and talk with someone who spent years with the agency. ted cruz is getting attention. the freshman republican is accused of mccarthyism of the interrogation of chuck hagel. is this the early stages of cruz derangen't syndrome? we look at the fine print of deal to send pred over the drones to the uae. it starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> kimberly: you won't believe at columbia university yesterday. students showed up for quantum mechanics class. but instead they got a trip show. it wasn't pretty. if .the physics professor took t off. >> to learn quantum mechanics. strip to your raw, erase all garbage from your brain and start over again. >> kimberly: well, he later curled in a fetal position while footage of hitler, saddam hussein and others were on the screen behind him. the bizarre stunt included ninjas and stuffed animals of course. it was executive produced by greg gutfeld. >> dana: sounds a weird thin
something else harming economy, cyber attacks. security, perts point the finger at china. we look at the evidence and talk with someone who spent years with the agency. ted cruz is getting attention. the freshman republican is accused of mccarthyism of the interrogation of chuck hagel. is this the early stages of cruz derangen't syndrome? we look at the fine print of deal to send pred over the drones to the uae. it starts at 6:00 eastern. now back to new york and my colleagues with "the...
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Feb 22, 2013
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the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong economists, why don't you listen to 80% that are analyzing all of the factors, that's what they're not doing, juan. >> sean: we've got to take a break. we'll come back and more with juan and herman, new contributor after the break and former new york city mayor rudy guiliani is here to explain why liberals are destroying or deploying these sequestration scare tactics and how the mess can be all attributed back to president obama. and former speaker of the house newt sgingrich is here how they confidence of chuck hagel and a jammed packed edition. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take
the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong economists, why don't you listen to 80% that are analyzing all of the factors, that's what...
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Feb 22, 2013
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economy. not everybody is buying the predictions. gop senator rand pauline dismissing the president's warnings as histrionics and urging fellow republicans to call the president's bluff. mike emanuel live for us. what is the white house saying? >> putting the pressure on the republicans to act. trying to put the spot light on the cuts scheduled for march 1. a house leading democrat on what it all means. >> in plain english sequester equals massive job lots and massive disruption in important investments for our kids and national security and for our public health and for other things that help our economy grow and allow us to maintain our competitive edge. >> fox news has learned fbi director robert muller warned agents yesterday that they will likely be furloughed due to the ongoing budget battle in washington. meanwhile, today the white house made this appeal. >> there is some responsibility here on the republican side to do what the president has done which is to hear what the american people are saying which is please compromise.
economy. not everybody is buying the predictions. gop senator rand pauline dismissing the president's warnings as histrionics and urging fellow republicans to call the president's bluff. mike emanuel live for us. what is the white house saying? >> putting the pressure on the republicans to act. trying to put the spot light on the cuts scheduled for march 1. a house leading democrat on what it all means. >> in plain english sequester equals massive job lots and massive disruption in...
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Feb 22, 2013
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as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. >> greta: 11:00 is almost here, time for last call. can the u.s. crack down on cyber attacks and pay back china at the same time? >> political news here there is talk that the white house may fine china for recent cyber attacks on american companies. fines could total in the millions of dollars. we can use that money to pay back china this, is perfect. >> greta: that is your last call. thank you for being with us tonight. go to gretawire.com and tell us what you think about foreign aid. we'll see you tomorrow night 10:00 p.m. eastern. go to gretawire.com. captioned by closed captioning services, inc. >> bill: the o'reilly factor is on. tonight -- >> there is a face missing inside o
as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. >> greta: 11:00 is almost here, time for last call. can the u.s. crack down on...
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Feb 19, 2013
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what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k). i think it's how they are doing mentally and retail hitti why? >> because they're in the stock market and the way that normal people live. >> what matt is talking about, what ben bernanke is calling the wealth effect and you feel wealthier and i don't think it's working, in fact, one of the real things, we're watching tv and hit me as all of the these commercials come on. everything was zero. the cars, zero down. zero interest, zero payments. the furniture store, zero interest, zero down payment and we're living in a zero, zero world. >> megyn: and might buy a mortgage at th
what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k)....
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Feb 21, 2013
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it's a $16 trillion economy, this is not going to trigger the economy. >> reporter: meanwhile we are in full blame game, finger-pointing mode in washington. congressional republicans blaming the white house, the white house blaming congress, others predict this will all be much worse. folks in major military towns, for example, where bases and troops are their life blood are clearly worried about the impact they will have on mom and pop whic businesses, on restaurants unless something major happens when congress returns next week in some bipartisan nags we will soon get a sense of how much pain it will cause the american public. the cuts due to kick in a week from friday. jenna: can we do fox news alert when we are out of this finger-pointing mode? would you just let us know when that happens. we'll come to you live wherever you are. >> reporter: yeah, not any time soon. jenna: thank you. jon: while we are in the finger-poi talk more about the sequester's potential impact on our economy. bob cusack is managing editor of "the hill." to listen to the spin from the white house it's all
it's a $16 trillion economy, this is not going to trigger the economy. >> reporter: meanwhile we are in full blame game, finger-pointing mode in washington. congressional republicans blaming the white house, the white house blaming congress, others predict this will all be much worse. folks in major military towns, for example, where bases and troops are their life blood are clearly worried about the impact they will have on mom and pop whic businesses, on restaurants unless something...
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Feb 19, 2013
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and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take 30 days to alert you-- too late for jack. lifelock ha
and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement....
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that means the economy remains weak. we have a static economy, very weak indeed, rising unemployment and runaway debt. not a good picture for the overall economy as of this morning. martha: thank you, stuart. always good to see you. bill: up 20,000 from a week ago. martha: yeah. bill: you don't like to see that. 360,000 for the week. we're just kicking off right now. the u.s. government issues a new warning for anyone who tries to hack our computer system. this is a big deal. we'll talk about that in a moment. martha: you've heard about this looming automatic spending cuts coming down the pipeline. one week from today they're supposed to kick in. how tough is it really to cut 2 1/2% of the budget? could you pull that off? could you cut 2 1/2% from the hemmer budget? bill: i could, yeah, this afternoon. president obama is talking about his round of golf with tiger wood for the first time now. this is from 2009, this picture. of a the white house took heat for shutting out the white house press corps. did you hear tiger. >
that means the economy remains weak. we have a static economy, very weak indeed, rising unemployment and runaway debt. not a good picture for the overall economy as of this morning. martha: thank you, stuart. always good to see you. bill: up 20,000 from a week ago. martha: yeah. bill: you don't like to see that. 360,000 for the week. we're just kicking off right now. the u.s. government issues a new warning for anyone who tries to hack our computer system. this is a big deal. we'll talk about...
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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of tax loopholes and deductions for the well off and well connected, without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms, done in a smart, thoughtful way, is the best way to finish the job of deficit reduction, and avoid these cuts once and for all that could hurt our economy,
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the white house loves that the plan calls for new tax revenue, but officials not showing much enthusiasm for the much deeper cuts in health care spending that the president wants. former white house chief of staffer bowles and simpson, a republican from wisconsin, say -- wisconsin wisconsin were close to a deal. their legacy is on the line. >> i don't know when it will happen, but it will happen in these four years or he has no legacy at all. if he can't cut the mustard with solvency of social security under honest appraisals of the trustees and
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the...
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it's not going to trirg the economy. >> to drive that point home when you consider the sequester it is just a tiny slice of the pie. it shows how difficult it is to make relatively small spending cuts in washington. this represents 2-3 percent of federal out lay. >> doug luzader in washington. thank you so much, doug. >> time for an extreme weather alert. the snow already falling in wichita, kansas. look at that making a mess of the morning commute. folks could see a foot of snow by the end of today. that's all thanks to mother nature of course. janice dean is tracking the storm. this is bigger than that it is two-thirds of the country. >> what was the groundhog thinking when he predicted an early spring. 6-2 inches for a big section of the midwest. in come ca some cases we could t 16 to 24. this is the area i am concerned about we could see freezing rain and/or sleet. we have ice storm warnings we can see half an inch of ice on the roads and power lines. we have a snow event in kansas, nebraska, in towards iowa. there's the bulls eye we could see 2 feet of snow around the kansas city
it's not going to trirg the economy. >> to drive that point home when you consider the sequester it is just a tiny slice of the pie. it shows how difficult it is to make relatively small spending cuts in washington. this represents 2-3 percent of federal out lay. >> doug luzader in washington. thank you so much, doug. >> time for an extreme weather alert. the snow already falling in wichita, kansas. look at that making a mess of the morning commute. folks could see a foot of...
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there is a smarter way to do this to reduce our deficit without harming our economy, but congress has to act. >> reporter: he is talking about the so-called balanced approach he wants to get some other spending cuts but also some tax increases. john boehner filing a statement, no more tax increases, he said, quote, just last month the president got his higher taxes on the wealthy and he is back for more. the american people that the revenue debate is closed. we should close loopholes in the tax code but that revenue should lower rates across the board. white house wants to reduce loopholes but to use that money to lower the deficit. bottom line, they are still at loggerheads and senior official said that it's likely these cuts will be kicking in on march 1st. >> shep: a massive fire burns a church to the ground but the pastor calls it divine intervention. top story on fox trip across america. >> shep: oklahoma, the church 90 minutes south of oklahoma city, pastor and flock moved to a similar building and put this one up for sale. since the wind was blowing to the south, pastor's house
there is a smarter way to do this to reduce our deficit without harming our economy, but congress has to act. >> reporter: he is talking about the so-called balanced approach he wants to get some other spending cuts but also some tax increases. john boehner filing a statement, no more tax increases, he said, quote, just last month the president got his higher taxes on the wealthy and he is back for more. the american people that the revenue debate is closed. we should close loopholes in...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> brian: he proposed it. did he ever think the idea would work? did he always that i deal would be done? we'll report. you decide. >> steve: then desperate times call for desperate measures. move over, calvin klein. the postal service is getting into the fashion industry. we want to see your designs, your ideas. e-mail us. we'll explain it all in a couple of minutes. you're watching "fox & friends" hour two for wednesday. >> gretchen: good morning, everybody. we're all back on the couch together. >> brian: yes, we are. >> gretchen: after president's day weekend. we have a fox news alert to tell you about because the world is waiting to see if oscar pistorius is granted bail today after being charged with the premeditated murder of his model girlfriend. day two of his hearing underway now. earlier police revealed they did find steroids and needles in his bedroom, but his lawyer says it was not for a banned sub
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> brian: he proposed it. did he ever think the idea would work? did he always that i deal would be done? we'll report. you decide. >> steve: then desperate times call for desperate measures. move over, calvin klein. the postal service is getting into the fashion industry. we want to see your designs, your ideas. e-mail us. we'll explain it all in a couple of minutes. you're...
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. >> eight days from now, a tremor will hit the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that some estimate will cost us 750,000 american jobs. >> congressman andrews said that often catastrophes are unavoidable. this one, he said, is completely avoidable. >> shepard: of course it is. it is this bunch of people in washington on the both sides of the aisle who say, if we don't get something done by this date, sequester kicks in. you now hey they decide to stop sequester? decide it doesn't have to kick in. >> leading republicans say they're open to a compromise on spending but saying no more new taxes. the president obama called for a balanced approach and the outcome was tax increases, cantor says, quote, president obama says unless he gets a second tax hike in eight weeks he'll be forced to let criminals loose on the streets, and emergency responders will be unable to do their jobs. these are false choices. we're faced with the negative effects of the sequester because democrats have not been able to take even the smallest step t
. >> eight days from now, a tremor will hit the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that some estimate will cost us 750,000 american jobs. >> congressman andrews said that often catastrophes are unavoidable. this one, he said, is completely avoidable. >> shepard: of course it is. it is this bunch of people in washington on the both sides of the aisle who say, if we don't get something done by this date, sequester...
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new developments in the troubling trend for americans and the nation's economy. gas prices shooting up nearly 50 cents in 60 days, taking a huge bite out of americans who are already earning less because of the payroll tax we got hit with the beginning of the year. according to the triple-a, the national average for a gallon of gasoline is now, 3.78. so when your car has a 20 gallon tank it will cost you more than 75 bucks every time you fill up. you don't need me to tell you that because you're experiencing it it and also means you're now paying $10 more per fill up than a month ago. the combination of soaring gas prices and higher taxes are not only threatening the larger economy, but the current administration as well. chris stirewalt our digital editor and host of power play live. and interesting to read your power play on foxnews.com because you talked about how this is the exact position that the republicans, who wound up getting creamed in that 2006 mid term he election, found themselves in when gas prices were soaring under president bush and wow, did the
new developments in the troubling trend for americans and the nation's economy. gas prices shooting up nearly 50 cents in 60 days, taking a huge bite out of americans who are already earning less because of the payroll tax we got hit with the beginning of the year. according to the triple-a, the national average for a gallon of gasoline is now, 3.78. so when your car has a 20 gallon tank it will cost you more than 75 bucks every time you fill up. you don't need me to tell you that because...
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while the markets are climbing the economy not so much. why in the world is that? charles payne brings the pain and the explanation. martha: have you seen this morning? senator john mccain got some pretty tough questions in his home state. >> why bring a 30 million -- >> they're here. >> cut off their welfare and all their stuff and they will go back. >> [inaudible]. [applause] tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junkrawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't come! [ male announcer ] e-trade. less for us. more for you. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you.
while the markets are climbing the economy not so much. why in the world is that? charles payne brings the pain and the explanation. martha: have you seen this morning? senator john mccain got some pretty tough questions in his home state. >> why bring a 30 million -- >> they're here. >> cut off their welfare and all their stuff and they will go back. >> [inaudible]. [applause] tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for,...
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as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers
as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. executor of efficiency. you can spot an amateur from a mile away... while going...
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the feds say cyber attacks are threatening our national security and they're threatening our economy. the white house now is taking action. plus, one woman accused of stabbing her former boyfriend 27 times finally testifies about the killing. you are about to hear from jodi you are about to hear from jodi airias coming up inside the fox report so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard an
the feds say cyber attacks are threatening our national security and they're threatening our economy. the white house now is taking action. plus, one woman accused of stabbing her former boyfriend 27 times finally testifies about the killing. you are about to hear from jodi you are about to hear from jodi airias coming up inside the fox report so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves...
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basically she's cuts could affect our economy and our national security, that is what we're told by the two men on your screen. this is unless lawmakers reach a deal first. so right now the blame game is kicking into high gear in washington. one of the questions is the blame game is happening, what about anything that is going to lead towards compromise? we'll take a closer look at that. plus the disappearance of washington intern chandralevy captured the nation's attention. what court documents are now saying about the man accused of killing her. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. n in washingtonhere is a blame right now over the automatic spending cuts set to go into effect less than two weeks from now. house speaker john boehner in a "wall street journal" editorial writes, president obama invented the sequester saying he came up with the plan for deep cuts to avoid facing america'
basically she's cuts could affect our economy and our national security, that is what we're told by the two men on your screen. this is unless lawmakers reach a deal first. so right now the blame game is kicking into high gear in washington. one of the questions is the blame game is happening, what about anything that is going to lead towards compromise? we'll take a closer look at that. plus the disappearance of washington intern chandralevy captured the nation's attention. what court...
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they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it a good time for us to be cutting back then on our military spending to try and fight off things like this? >> well, no. it's not. and it's another reason why it would be best if all parties, all political parties and all political figures were in town actually gotting the job of putting this economy back together done. i mean, glad everyone is taking breaks and on vacation, but i mean, we got a real problem on our hands. we have several crises about to hit this country all at one time. we have things like the tuition debt bomb with all these kids with student l
they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it...
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that's how bad things are with the economy. and president proposed a $50 billion stimulus practice to rebuild highways and tunnels and fix things with no way to pay for it while doing local interviews so it's relatively frustrating. it's also frustrating that linked-in as joined facebook and others not paying any taxes besides record profits. maybe these guys pay a little bit on their profits? >> people look in and see washington and they are talking about a 2.3% cut and the president is talking about how the sky is falling. remember most americans, by a gigantic margin, think we have a spending problem in this country. you say washington is on a spending binge. so going forward, once it hits, and it will his on march 1, how many people are going to actually be sympathetic? >> the amazing thing is the president's approval rating is the highest since 2009. >> that's the cognitive disdense. one of the things, of course, that really affects the economy and how you feel about it, gas prices. have you noticed that they are really hi
that's how bad things are with the economy. and president proposed a $50 billion stimulus practice to rebuild highways and tunnels and fix things with no way to pay for it while doing local interviews so it's relatively frustrating. it's also frustrating that linked-in as joined facebook and others not paying any taxes besides record profits. maybe these guys pay a little bit on their profits? >> people look in and see washington and they are talking about a 2.3% cut and the president is...
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. >> corrupt politicians and new economy with ex-sottic pees of paper, mortgages, and credit default swaps we bought in and, boom, pop goes the weasel. >> how long has the detroit been run by democrats? is it related? >> i hear that a lot. that's the liberals running it into the ground. but the last republican mayor of detroit went to federal prison for corruption. the three county officials in 1942 went to prison. it's our culture. and one detroit democrat running wall street, not one detroit democrat running hall -- haliburton. we are just corrupt cheaters. >> you grew up in detroit and went to work in los angeles and went back to detroit. when you were growing up your mother's flower shop was fire bombed. >> it sure was. it was called devil's night. an orgy of fire and people burning things up. it was for insurance purposes and getting crack heads out of your neighborhood and when that happened my mom said i'm gone. she turned. >> what is detroit going to do? we featured a tape a little while ago where some of the city leaders said time for a washington bailout. >> no. >> that's p
. >> corrupt politicians and new economy with ex-sottic pees of paper, mortgages, and credit default swaps we bought in and, boom, pop goes the weasel. >> how long has the detroit been run by democrats? is it related? >> i hear that a lot. that's the liberals running it into the ground. but the last republican mayor of detroit went to federal prison for corruption. the three county officials in 1942 went to prison. it's our culture. and one detroit democrat running wall...